Upto Vice President, Specialty Finance Credit Officer (Global Markets Credit), Hong Kong

Bank of America

  • Hong Kong
  • Permanent
  • Full-time
  • 5 days ago
Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Role/Responsibilities:
  • Global Markets Credit (GMC) organization is responsible for credit underwriting, approval and ongoing risk management of Global Markets (GM) financing and traded products transactions. Based in Hong Kong, the role is in GM Credit Asia, responsible for all aspects of the credit risk management for the following two key businesses within Asia Pacific (including Japan).
  • SPV repacks (Derivatives) related:
  • SPV repacks business is focused on derivative credit exposure facing bankruptcy-remote SPV established for purpose of issuing Credit Linked Notes (CLNs) or Asset Repackaging Notes (Repacks). Key responsibilities will include.
  • Conducting comprehensive credit review including underlying issuer and derivative exposure analysis, preparing Credit Underwriting Memos with approval recommendations for all trading exposures related to SPVs.
  • Identifying risk in complex credit proposals and structures, suggesting approximate risk mitigants.
  • Ongoing transaction and charged asset risk monitoring, ensuring any deterioration in the charged asset portfolio is identified and escalated for suitable timely action.
  • Undertake portfolio reviews and develop/generate reports highlighting key portfolio risk and sensitivities.
  • Structured Financing Lending Transactions (SFT excld. securitization) related:
  • SFT business provides both recourse or non-recourse financings, collateralized by equity (single stock or portfolio of stocks) or fixed income (Bonds, Loans etc). Key responsibilities will include.
  • Credit Review of transaction proposals, undertaking credit and collateral issuer analysis, preparing Credit Underwriting Memos with approval recommendations.
  • Preparation of portfolio reports and credit reviews, including analysis of SFT exposures, any counterparties of concern and other pertinent risk issues.
  • Monitor macro, sector and issuer specific market trends so as to ensure any early warning or risk indicator for the portfolio is identified and escalated for suitable timely action.
Skills:
  • 2-8 years of credit risk experience covering Corporates or FIs.
  • Strong credit risk analysis and conclusion-oriented analytical skills. A deep understanding as well as exposure to the derivative and financing space
  • Master degree in Finance, Business Administration or related fields. CFA/FRM or other professional qualification will be highly preferred
  • Good written and spoken communications skills in English
  • Excellent software skills including Excel, Bloomberg
  • Ability to establish partnerships across the organization (Trading, Sales, Risk and support partners) and build effective work groups, requiring strong

Bank of America